AXS Investments LLC Acquires New Shares in Mativ Holdings, Inc. (NYSE:MATV)

AXS Investments LLC bought a new position in Mativ Holdings, Inc. (NYSE:MATV) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 18,360 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors have also added to or reduced their stakes in MATV. Cooper Creek Partners Management LLC bought a new position in Mativ in the 3rd quarter worth about $11,783,000. Wellington Management Group LLP increased its stake in Mativ by 23.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,453,139 shares of the company’s stock worth $49,242,000 after acquiring an additional 665,352 shares during the last quarter. Rubric Capital Management LP increased its position in shares of Mativ by 16.4% during the 3rd quarter. Rubric Capital Management LP now owns 4,000,000 shares of the company’s stock valued at $57,040,000 after purchasing an additional 562,422 shares during the last quarter. First Eagle Investment Management LLC bought a new position in shares of Mativ during the 3rd quarter valued at about $2,659,000. Finally, Tejara Capital Ltd bought a new position in shares of Mativ during the 3rd quarter valued at about $2,354,000. 94.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jeffrey Keenan acquired 3,000 shares of Mativ stock in a transaction dated Monday, February 26th. The shares were purchased at an average cost of $16.06 per share, for a total transaction of $48,180.00. Following the transaction, the director now owns 312,000 shares of the company’s stock, valued at $5,010,720. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.01% of the company’s stock.

Mativ Price Performance

Shares of Mativ stock opened at $18.72 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.40 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $1.02 billion, a PE ratio of -3.10, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. The business’s 50-day moving average price is $18.12 and its 200-day moving average price is $15.45. Mativ Holdings, Inc. has a 12 month low of $10.78 and a 12 month high of $19.34.

Mativ (NYSE:MATV) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. The firm had revenue of $452.30 million for the quarter, compared to analyst estimates of $472.10 million. Mativ had a positive return on equity of 5.79% and a negative net margin of 15.56%. Sell-side analysts forecast that Mativ Holdings, Inc. will post 1 EPS for the current fiscal year.

Mativ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.14%. Mativ’s dividend payout ratio (DPR) is presently -6.62%.

Mativ Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.